作業二
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School
College of Accounting & Management Sciences**We aren't endorsed by this school
Course
FINANCE 132
Subject
Economics
Date
Dec 21, 2024
Pages
2
Uploaded by wei_lzw_1101
1 MacroeconomicsAssignment ll Deadline:2024 12/6A.Multiple Choice 1.The original Phillips curve shows an inverse relationship betweenA.the level of output and pricesB.the level of output and unemploymentC.the level of prices and employmentD.the rate of change in money wages and the rate of unemploymentE.the level of prices and wage rate changes 2.For many government decision makers, the original Phillips curve impliedA.a trade-off between lowering unemployment at the cost of higher inflation or lowering inflation at the cost of higher unemploymentB.that active stabilization policy will always work if applied correctlyC.that severe recessions were a thing of the past, as unemployment could easily adjust to its natural rateD.that the natural rate of unemployment can be lowered by expansionary monetary policyE.all of the above3.Which of these people could officially be counted as unemployed?A.a garage attendant who got fired from his old job two months ago but will start a new job in two weeksB.a busboy who works only four hours a day, five days a week, but would prefer to work full-time as a waiterC.an accountant who quit her job when she had a baby two months agoD.a woman who joined the babysitters' union several months ago and averages about five customers a week at her $10/hour rateE.none of the above4.The Beveridge curve shows a relationship betweenA.the frequency and the duration of unemploymentB.the level of output and the unemployment rateC.job vacancies and the unemployment rate
2 D.job vacancies and the labor force participation rate E.the unemployment rate and alcohol consumption 5.The fact that an increase in the unemployment rate by 1 percent will lead to a roughly 2 percent loss in output is referred to asA.the sacrifice ratioB.the replacement ratioC.the misery indexD.the Beveridge relationshipE.Okun’s lawB.Essay Questions 1.Explain relationship between Philips curve and Aggregate Supply (AS) curve. 2.Assume adult males have a 48% share of the workforce and their unemployment rate is 7.0%; adult females' share is 45% and their unemployment rate is 6.8%; teenagers' share of the workforce is 7% with an unemployment rate of 18.0%. What is the overall unemployment rate?